Hyperliquid Prepares to Triple Fees in HIP-3 Market Upgrade

The Hyperliquid project team has announced a planned upgrade that will increase fees for HIP-3 (tokenized asset perps) by up to 3x. According to founder Jeff Yan, the fees will be applied to specific listed assets and not a blanket increase.

This means that deployers in the 'growth mode' will see their discount reduced from 90%, allowing them to increase their fees accordingly.

The move has divided analysts, with some seeing it as net positive for revenue. Ryan Watkins, founder of Syncracy Capital, notes that few people are pricing in HIP-3 revenue acceleration from fee increases, and expects gradual fee hikes to lead to multiples more revenue.